NEWS RELEASE

Teijin to Deploy Power Cogeneration Facility
at Matsuyama Plant
Tokyo, Japan, October 12, 2022 --- Teijin Limited announced today that it will convert
the in-house fossil fuel-based power generation facilities currently in use at its
Matsuyama plant to a cogeneration system running on city gas. Cogeneration systems
supply both electricity and heat on premise, and their high energy efficiency result insignificant reductions in carbon dioxide emissions.
The Teijin Group has established the long-term goal of achieving net-zero emissions
across its own sites by fiscal 2050. Specific targets include reducing internal CO2emissions by 30% of fiscal 2018 levels by fiscal 2030. Allowing for future business growth,
this requires the company to reduce its annual CO2 emissions by approximately 600,000
tons per year; the introduction of this gas-based cogeneration system in its Matsuyama
plant is expected to achieve around 30% of this reduction. The gas will be replaced withcarbon-neutral energy supplies in the future, further reducing the plant’s environmental
footprint.
In January 2021, Teijin introduced internal carbon pricing (ICP) to determine theeconomic efficiency of investments in new facilities. The company based its decision tomake this particular investment on forecasted cost reductions of EUR 50 per ton of CO2emissions. The total investment is expected to be over JPY 10 billion, including thereplacement of existing aging power receiving and distribution equipment, and thegenerating capacity of the new power plant is expected to be approximately 30,000 kW.
The new power generation facility in the Matsuyama plant will become fully operationalin fiscal 2025, in line with Teijin’s objective of becoming the first Japanese chemical fiber
manufacturer to realize complete decarbonization of its power generation globally. Goingforward, the Teijin Group will continue its adoption of renewable energy supplies andsteadily enhance energy efficiency and energy conservation in each of its businessdomains, with the aim of achieving its respective emission reduction targets by fiscal
2030 and 2050.
Teijin is a people-focused company that develops innovative solutions to enhance thequality of life, and we also work to minimize any negative impact of our business activitieson the environment or society.
About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in thefields of environmental value; safety, security and disaster mitigation; and demographic
change and increased health consciousness. Originally established as Japan's firstrayon manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing
three core business domains: high-performance materials including aramid, carbon
fibers and composites, and also resin and plastic processing, films, polyester fibers andproducts converting; healthcare including pharmaceuticals and home healthcare
equipment for bone/joint, respiratory and cardiovascular/metabolic diseases, nursing
care and pre-symptomatic healthcare; and IT including B2B solutions for medical,
corporate and public systems as well as packaged software and B2C online services for
digital entertainment. Deeply committed to its stakeholders, as expressed in the brandstatement “Human Chemistry, Human Solutions,” Teijin aims to be a company that
supports the society of the future. The group comprises some 170 companies andemploys some 20,000 people across 20 countries worldwide. Teijin posted consolidated
sales of JPY 926.1 billion (USD 7.2 billion) and total assets of JPY 1,207.6 billion (USD9.4 billion) in the fiscal year that ended on March 31, 2022.
Press Contact
Corporate Communications
Teijin Limited
pr@teijin.co.jp